Norway’s sovereign wealth fund, the world’s largest with $1.7 trillion in assets, reported a staggering $40 billion loss in the first quarter of 2025, driven by a sharp decline in technology stocks. The fund, managed by Norges Bank Investment Management (NBIM), faced its biggest quarterly loss in 18 months, highlighting the volatility of global markets. … Read more
A U.S. federal judge has ruled that Google illegally monopolized key parts of the digital advertising market, setting the stage for a possible breakup of its powerful ad tech business. The landmark decision, delivered by Judge Leonie Brinkema on April 17, 2025, follows a lawsuit brought by the Department of Justice and 17 states, accusing … Read more
In a groundbreaking move that underscores its commitment to enhancing cloud security, Alphabet Inc., the parent company of Google, has announced the acquisition of cybersecurity startup Wiz for a staggering $32 billion in an all-cash deal. This acquisition marks Alphabet’s largest purchase to date, eclipsing its previous record with Motorola Mobility, which was acquired for … Read more